NuEnergy Gas Limited · ASX:NGY
NuEnergy Gas — NuEnergy Capital — Investor Presentation (November 2011)
27 slides from NuEnergy Gas's investor presentation, Nov 2, 2011
Slide 1: ASX cover letter for investor presentation
NuEnergy Capital Limited ABN 50 009 126 238 For personal use only 2 November 2011 Company Announcement Officer Australian Securities Exchange Dear Sir/Madam Please find attached an investor presentation for NuEnergy Capital Limited (ASX:NGY) Sincerely Rozanna Lee Company Secretary Level 20 Australia
Slide 2: NuEnergy Capital Limited Investor Update November 2011
NuEnergy For personal use only NuEnergy Capital Limited Investor Update November 2011 1
Slide 3: Overview and Strategy
NuEnergy For personal use only OVERVIEW AND STRATEGY 2
Slide 4: Company Overview
Company Overview NuEnergy For personal use only • NuEnergy Capital Limited (NuEnergy) is an emerging ASX listed gas and ancillary power generation development company with an Company Snapshot immediate focus on establishing unconventional gas production in Indian Ocean Rim countries Issued Capital 1
Slide 5: Milestones to Date
Milestones to Date NuEnergy For personal use only 14 Feb ‐ 1 Mar: Third Supplementary Prospectus released; Capital Raising 4 Apr: Third CBM Production 4 Oct: Resource Estimate of completed; Sharing Contract awarded between 4.11 and 4.60 Tcf Indon transaction completed (Muara Enim 2) at Muara Enim 29
Slide 6: Key Strengths
Key Strengths NuEnergy For personal use only NuEnergy has positioned itself to become a significant supplier of unconventional gas in Indonesia through appraisal and development of the Muara Enim and Rengat PSC’s: The net Gas in Place resource in NuEnergy’s three Indonesian CBM PSC’s is estimate
Slide 7: Key Strengths
Key Strengths NuEnergy For personal use only Multiple value creation events are being generated over the next 6 months: Drilling results from Muara Enim PSC together with reserve updates based on these results Operating conventional gas acquisitions under evaluation to create a revenue stream
Slide 8: Board and Management
NuEnergy For personal use only BOARD AND MANAGEMENT 7
Slide 9: Experienced Board & Management
Experienced Board & Management NuEnergy Mr Graeme Robertson – Chairman and Non Executive Director BA, FAICD, MAIE For personal use only • Graeme Over 30 years experience in the coal, infrastructure and power development industries. CEO and Managing Director of New Hope Corporation 1987–2005 (ASX:NHC
Slide 10: Experienced Board & Management
Experienced Board & Management NuEnergy For personal use only Sri Arga Shakti – General Manager Indon CBM Ltd / PT Trisula CBM Energi • Arga is an engineer with over 21 years experience in developing and delivering oil and gas projects, gas infrastructure and minerals projects. • Since 2008 Arga has
Slide 11: Regional Focus
NuEnergy For personal use only REGIONAL FOCUS 10
Slide 12: Indian Ocean Rim Focus
Indian Ocean Rim Focus NuEnergy NuEnergy is targeting the acquisition and development of gas assets in emerging markets in the For personal use only Indian Ocean rim region: • In 2010 Indonesia was the world’s second largest gas exporter after Qatar. However Bangladesh increased domestic demand mean
Slide 13: Indonesia
Indonesia NuEnergy • Over the next 15 years Indonesia’s electricity output is expected to grow on average by 9.6% p.a. due to For personal use only strong GDP growth (6.6%)* • From 2012 yet to be found gas resources are needed to meet gas demand in South and Central Sumatra • The gas price outlook i
Slide 14: East Africa
East Africa NuEnergy Tanzania For personal use only • CBM has yet to be developed in Tanzania so a first mover advantage exists • Access to opportunities can be leveraged through a key NuEnergy shareholder (Aspac Mining Ltd) which has established coal mining interests in Tanzania • At this time ther
Slide 15: Bangladesh
Bangladesh NuEnergy For personal use only There are many positive aspects and signals that support an upstream business development effort in Bangladesh for both conventional and unconventional gas • The country is significantly underexplored in the west and looks to be highly gas prospective (YTF e
Slide 16: Current Activities - Indonesia
NuEnergy For personal use only CURRENT ACTIVITIES ‐ INDONESIA 15
Slide 17: Significant Indonesian CBM Acreage Position
Significant Indonesian CBM Acreage Position NuEnergy For personal use only NuEnergy is the 3rd largest net CBM acreage holder in Indonesia Top Acreage Holders‐ Indonesia 7500 6000 4500 3000 1500 0 Source: IHS Cera: The Unconventional Frontier: Prospects for Shale Gas and CBM in Indonesia – October 2
Slide 18: Prime Location in South Sumatra CBM Basin
Prime Location in South Sumatra CBM Basin NuEnergy Gas Pipeline to For personal use only Duri & Singapore 12 11 10 13 Sekayu PSC – Medco/CBM Asia 2 wells on production testing (flared gas to surface) 4 wells drilled in total with up to 70m net coal thickness, 70‐203 scf/ton, 80‐95% gas saturation 9
Slide 19: Prime Location in South Sumatra CBM Basin
Prime Location in South Sumatra CBM Basin NuEnergy • The South Sumatra coal basin has the richest CBM gas content in Indonesia according to a recent study by IHS For personal use only CERA showing an estimated GIP of circa 7.2 BCF GIP /km2 • The prolific Central Sumatra coal basin has an estimated C
Slide 20: Coal Thickness Map
Prime Location in South Sumatra CBM Basin NuEnergy For personal use only NuEnergy Coal Thickness Map Muara Enim Muara Enim 2 Source: JMJ Petroleum Oil & Gas Consultancy – GIS G&G Exploration Database 19
Slide 21: Gas In Place Contour Map
Prime Location in South Sumatra CBM Basin NuEnergy For personal use only NuEnergy Gas In Place Contour Map Muara Enim Muara Enim 2 Source: JMJ Petroleum Oil & Gas Consultancy – GIS G&G Exploration Database 20
Slide 22: Current Portfolio - Drilling Status
Current Portfolio – Drilling Status NuEnergy For personal use only • Drilling rig has arrived at the Muara Enim PSC area • Drilling commenced 31 October 2011 • First Lab results expected April 2012 Accumulator unit before containerising Pump and Engine Unit Mixer Unit
Slide 23: The Way Forward
NuEnergy For personal use only THE WAY FORWARD 22
Slide 24: Focus
Focus NuEnergy For personal use only Convert the significant in place gas resource potential of the company’s Indonesian CBM concessions to over 2000 Bcf of 3P resources Establish and develop strategic operating positions in the unconventional gas industry in East Africa and one other location i
Slide 25: The Path to Unlocking Value
The Path to Unlocking Value NuEnergy For personal use only CBM Company Comparison ‐ Resources and Reserves GIP* 3C 2C 3P 2P Market Cap (Bcf) (PJ) (PJ) (PJ) (PJ) $M Bow Energy BOW 13,800 2,521 2,521 2,752 238 $528 Dart Energy DTE 50,200 2,304 1,329 104 46 $461 Metgasco MEL 14,000 2,592 2,592 2,542 42
Slide 26: Going Forward - Program to Q2 2012
Going Forward – Program to Q2 2012 NuEnergy For personal use only Rengat Core Hole Muara Enim Post‐ Rengat Post‐ Establish unconventional Gas Position in Tanzania 1 Completion drilling laboratory drilling laboratory results results Nov Dec Jan Feb Mar Apr May Jun 2011 2011 2012 2012 2012 2012 2012 2
Slide 27: Disclaimer
Disclaimer NuEnergy For personal use only • This presentation has been prepared by NuEnergy Capital Limited (“NuEnergy” or the “Company”) and is being provided for the sole purpose of providing preliminary background financial, operational and other information to enable shareholders and/or prospect
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